FDUSD Stablecoin Market Cap Surpasses $4 Billion

IconCrypto News Terminal24 Apr, 2024

cryptonews.jpg

FDUSD Stablecoin Market Cap Surpasses $4 Billion

FDUSD, the US dollar-pegged stablecoin issued by FD121, has reached a significant milestone by surpassing $4 billion in market capitalization. This impressive growth highlights the increasing demand for stablecoins as a reliable and secure store of value in the cryptocurrency market. At the time of writing, FDUSD's market cap stands at $4,135,281,423, indicating a strong demand for the stablecoin. Notably, a large portion of FDUSD, approximately 3,180,000,000, participated in the Binance Launchpool for REZ, showcasing the stablecoin's widespread adoption. Previously on 24 April 2024, FDUSD announced its market cap had surpassed $4 billion, highlighting the stablecoin's steady growth and increasing market confidence.

Related News